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An income level that is considered minimally sufficient to sustain a family in terms of food, housing, clothing, medical needs, and so on.

Source Publication:
Jae K. Shim, Joel G. Siegel. Dictionary of Economics. Business Dictionary Series. New York, John Wiley & Sons, 1995.

Statistical Theme: Social and welfare statistics

Created on Monday, July 4, 2005

Last updated on Thursday, December 1, 2005